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20121129
20121207
Search Results 0 to 12 of about 13 (some duplicates have been removed)
downturn or whatever else might happen. still, n.y.u. professor april klein says companies are over doing it. >> i know they say you can never be too rich or too thin, but companies can in fact be too rich. and, sometimes you do want to shrink out the cash. >> reporter: that's because too much cash can make a company a takeover target. and, with interest rates so low, all that money is just not productive. special dividends are one option for corporate treasurers struggling to spend it. but, what happened to firms investing capital for the future, by hiring new workers, buying other businesses, or on research and development? experts say we won't see that until lawmakers get their act together. >> right now corporate managers are essentially holding their cash waiting for greater policy clarity. and, until greater policy clarity comes, i don't expect to see an real significant deployment of cash whether it be in investment or returning cash to shareholders. >> reporter: and, then, there are share buybacks, which like dividends are popular this year. buybacks are considered a sign manageme
is vee out tomorrow. grey, and christmas says u.s. eenmploymt firm challenger, grey, and christmas says u.s. compasts la month.lo cuts last month. ar py,seelat n t separately, the number of planned job cuts rose 20% in november from october's levels. on wall street, the dow rose 39 points, but the nasdaq added 15, the s&p up nearly five. >> reporter: i'm erika miller in new york. coming up tonight, we'll talk to the c.e.o. of kitchen store sur la table and get his outlook for holiday sales. >> tom: lots of theatrics today, but few visible signs of progress in washington towards a fix for the fiscal cliff. the only hopeful sign is that republicans and democrats are talking privately again. but they haven't worked out any of the big issues, including what to do about the nation's debt limit. washington will hit its borrowing limit early next year, darren gersh has the latest. >> reporter: sitting around the kitchen table with a middle class family in virginia, the president once again pressed for congress to avoid the fiscal cliff. >> if this family has a couple of thousand dollars less to
are having trying to find new projects in regions outside the u.s. and with interest rates currently at historic lows, the timing was right to ink the two deals. diane eaabrook, "n.b.r., chicago. >> tom: daniel rohr is a metals and mining analyst from morningstar and joins us from chicago. dan, how unique of a deal is this in the u.s. to have mining and energy drilling all in the same company? >> it is very unusual, forthe p. decades, ago, however, we had seen a lot of the oil majors, folks like amco, with exposure to mining as well. this is an animal we haven't seen in quit sometime in the u.s. >> t: what drove the deal for freport, why did it want to go outside its expertise mining, that was two generations of leaders ago. why now? >> yeah. i'm still struggling with the underlying strategic rationale for this deal. judging by the stock market, i can't see a clear rationale as far as why they did this. what management has said is they see a compelling story for oil and gas demand over the next several decades, and the purchase of plains and m.n.r., was a good way to bet on that outl
technology improves and gets less expensive. diane eastabrook, "n.b.r.," chicago. >> tom: tomorrow, we'll have more on the auto industry with the outlook on the u.s. from the world's most profitable automaker, volkswagen. >> susie: more pressure on s.a.c. capital today on word that the u.s. government might bring civil fraud charges against the firm, one of the biggest hedge funds in the world. during a conference call with investors, the company said it has received a so-called wells notice from the securities and exchange commission, often the first step to formal charges. the move comes a week after a former portfolio manager was charged with running the most lucrative insider trading schemes. s.a.c.'s billionaire founder, steve cohen, told clients he is confident that he "acted appropriately." well, another big company today authorizing a special dividend in anticipation of higher taxes next year. now it's costco jumping on the dividend bandwagon as a way to beat some of the impact of the fiscal cliff fallout. the wholesale club operator announced a special dividend of $7 a share t
Search Results 0 to 12 of about 13 (some duplicates have been removed)